Pareto Limited

• Profile
  • Overview
  • History
  • Vision
  • Shareholders
  • Governance
  • Our People
    • Board Members
    • Executive Committee
    • The Team
  • Our Training
  • Memberships

 

 

Profile

Vision

Pareto Limited (Pareto) is an unlisted property variable loan stock company, owned by Eskom Pension and Provident Fund (60%) and The Public Investment Corporation Limited (on behalf of the Government Employees Pension Fund) (40%).

Pareto was incorporated in 1998. Its main business is asset management and investing in immovable property. 
The existing property portfolio value is approximately R10.8 Billion as at June 30, 2009.

Core Purpose

To entrench Pareto’s position as a market leader in retail property investment.

Core Values

At Pareto, we believe in:

• Creating an environment that promotes and supports empowerment
• The success of one, being the success of all
• Continuous learning
• Quality of the highest standards in everything that we do
• Exceeding customer expectations
• Ethical behaviour

Our Goal

We will provide a sustainable long-term property income growth for our shareholders. The growth in property income will be achieved by optimising the use of existing properties through refurbishments and extensions.

While growing assets and income for its shareholders, Pareto is also fully committed to furthering black economic empowerment through preferential procurement. The company has already exceeded the property charter requirement of 70% procurement being channelled through black owned businesses.

Recent acquisitions in line with our investment criteria have been:

• Mimosa mall in Bloemfontein - acquired in October 2008.  The mall is a regional   shopping centre of about 37000m2 (Gross Letting Area) GLA. The deal was worth R800  million for 100% ownership.
• Pareto is currently in the process of acquiring a 50% stake in Cavendish Square (Cape Town) and Menlyn Park (Pretoria). The transaction valued at 2.5 billion is subject to various suspensive conditions.

Strategy

Pareto’s business strategy, as approved by the Board, has the following pillars:

• Maximising income returns from existing investments
• Growing the asset base
• Furthering black economic empowerment
• Enhancing human resources development